The Ruling on Buying a Commodity with a Commodity

The questioner:
We begin with the calls again. Bandar from 'Afiq, please go ahead, Bandar. Peace be upon you. And upon you be peace. Shaykh, may Allah reward you with good. I do not have the means to build a house, and one of my friends has a house from the Real Estate Fund, and they are in need of it, and I want to buy it from him with a car, for example. Is this permissible, Shaykh? I am not giving him money; I am buying it with a commodity, a car or land.

The Shaykh:
But you must consult the real estate office; you have to consult the real estate office. If he transfers it from his name to your name, then there is no harm in that, yes.

The questioner:
Look, Shaykh, the transfer in the Real Estate Fund is after three years according to the regulations.

The Shaykh:
My brother, consult the fund. He wants to buy it from you now so that it becomes in his name, so that they can register it in the name of this applicant and transfer it from your name. Yes.